Progressive
PGR
881 hedge funds and large institutions have $35.9B invested in Progressive in 2019 Q3 according to their latest regulatory filings, with 67 funds opening new positions, 331 increasing their positions, 352 reducing their positions, and 94 closing their positions.
0.33% less ownership
Funds ownership: 80.11% → 79.79% (-0.33%)
3% less capital invested
Capital invested by funds: $37.1B → $35.9B (-$1.25B)
6% less repeat investments, than reductions
Existing positions increased: 331 | Existing positions reduced: 352
3% less funds holding
Funds holding: 910 → 881 (-29)
23% less funds holding in top 10
Funds holding in top 10: 39 → 30 (-9)
26% less call options, than puts
Call options by funds: $91.7M | Put options by funds: $124M
29% less first-time investments, than exits
New positions opened: 67 | Existing positions closed: 94
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$387M |
| 2 |
JP Morgan Chase
New York
|
+$200M |
| 3 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$160M |
| 4 |
Rockefeller Capital Management
New York
|
+$141M |
| 5 |
BlackRock
New York
|
+$126M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$240M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$237M |
| 3 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$138M |
| 4 |
Bank of New York Mellon
New York
|
-$126M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$101M |
PGR Hedge Fund Activity: Q3 2019 in Review
881 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q3 2019, worth a combined $35.9B — down 3.4% from $37.1B a quarter earlier.
Sellers outnumbered buyers: 94 funds closed out of PGR and 67 opened new positions — a net loss of 27 holders — while 352 trimmed existing stakes and 331 added.
The largest buyer was Wellington Management Group, adding an estimated $387M. The largest seller was Artisan Partners, cutting an estimated $240M.
- 881 institutional investors held Progressive (PGR) as of Q3 2019, down from 910 in Q2 2019.
- Funds reported $35.9B of Progressive stock for Q3 2019, down 3.4% quarter-over-quarter.
- 67 funds opened new Progressive positions in Q3 2019 and 94 closed out, a net change of -27 holders.
- The largest Progressive buyer in Q3 2019 was Wellington Management Group, an estimated $387M added.
- The largest Progressive seller in Q3 2019 was Artisan Partners, an estimated $240M sold.
Based on aggregated 13F filings for Q3 2019.